Bellatrix Exploration Ltd (Canada) BXEFF

BUY LOW AGAIN IN $1.11

[IAMWDW]

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[1condor]

You have the right idea...but unfortunately the price today at 1.11 is not the low. It is yet to come with the inevitable delisting on NYSE. What I have been saying for months wait for the delisting.

[Themandyman]

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[CanadianBuck]

Condor, you have been right about waiting to buy BXE. However I think that you are wrong in saying that they will delist from the NYSE, it is to valuable to give up with a lot of US investors. Instead we are very likely going to see a reverse stock split. The reverse stock split news is probably already built into the stock price. Personally I would like to see management replaced, they have done

[1and1is5]

Is today not the 6th consecutive last month day that the stock has closed below $1? 

[1condor]

The last thing investors want to see is a reverse stock split. I hope the BXE board does not go down that road..

[CanadianBuck]

What is the alternative? The NYSE listing is to important to lose.

[RHertig]

The alternative is applying for a six month extension. That should provide plenty of time for the new drilling program to lift the stock price. Then it's a moot point.

[1condor]

CanadianBuck..I believe that BXE will delist from the NYSE. They may get an extension but my confidence continues to be low that will make any difference. Selling lately has been in anticipation of the delisting. Until there is any news to put that to rest the stock will continue to wither.

[martir0]

This post has been removed in accordance with Community Policy

[RHertig]

1condor you do know that companies can and do apply for 6 month extensions on delisting’s. It goes something like this for BXE. Dear NYSE our stock price fell due to us being in deep dodo with debt. We did the following to fix that problem. We also now have money to drill. These two items will most likely solve the problem and we will be back in compliance within the next 6 months. Thank you BXE

[1and1is5]

Unfortunately this one look like a great candidate for early tax loss selling.